MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
AMI IMPEXCO LTD. |
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Registered Office : |
Masuda Bldg 5F, 4-5-7 Taito Taitoku Tokyo
110-0016, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.07.2006 |
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Date of Incorporation : |
April
1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of polished
diamonds, precious metals, jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 48 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
AMI IMPEXCO LTD
REGD NAME
Ami Impex KK
MAIN OFFICE
Masuda Bldg 5F, 4-5-7 Taito Taitoku Tokyo 110-0016
JAPAN
Tel :
03-3832-3006
Fax :
03-3832-3002
URL : http://www.seekandsource.com/rajgems/
E-Mail address : kunthuraj@yahoo.com
ACTIVITIES
Import, wholesale of polished diamonds,
precious metals, jewellery
BRANCHES
Kofu, Kobe, Osaka
OVERSEAS
India (Raj Gems – Headquarters),
Bangkok, Hong Kong, Belgium
FACTORY(IES)
(subcontracted)
OFFICERS
RAKESH J SHAH, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,713 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 46 M
STARTED 1993 EMPLOYES 8
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN
POLISHED DIAMONDS & JEWELRY, OWNED BY RAJ GEMS, INDIA. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 48 MILLION, 30
DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by
Rakesh J Shah, an Indian resident, as Japan marketing
office of Raj Gems, India. He is elder
son of J B Shah, founder and owner of Raj Gems, India. This is a trading firm specializing in
importing & wholesaling polished diamonds from
India, and from Israel, Belgium, Hong Kong, etc. About 65% of the goods are supplied from Raj Gems.
Goods are shipped to jewelry processors, jewelers centrally in
greater-Tokyo area, extending into
Kofu, Yamanashi-Pref, a hub of jewelry factories and workshops, where the firm
operates a branch office. Also covers
greater-Osaka region by its Osaka and Kobe Branch Offices. Financials are only partially disclosed.
FINANCIAL INFORMATION
The sales volume for Jul/2005 fiscal
term amounted to Yen 2,713 million, a 0.7% down from Yen 2,734 million in the
previous term. This is referred to
sluggish consumer demand. The net
profit, on the other hand, increased to Yen 6 million from Yen 5 million a year
ago.
For the term ended Jul 2006 the net
profit is said posted at Yen 6 million, on a 1.4% rise in turnover, to Yen
2,750 million. This is professed by the
firm and not attested. We therefore
take this figure as estimated only.
The financial situation is considered
maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 48
million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1993
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Rakesh J Shah (100)
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and wholesales
polished diamonds, other gem stones & precious metals, jewelry products
(--100%).
65% of the goods are supplied from Raj
Gems, India, other from Israel, Belgium, Hong Kong, Thailand, etc.
Diamonds and precious metals are
partially subcontracted mfg to local processors into jewelry products.
Clients
[Jewelers, jewelry processors.] Lucky
Co, Kashikey, Gem Trading, Taniguchi Hoshoku, other.
No. of accounts
500
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Raj Gems, Mohit
Diamonds (--India), Kay Diamonds NV (Belgium), other.
Payment record
Regular
Location
Business area Tokyo. Office premises at the caption address are
leased and maintained satisfactorily.
Bank References
Bank of India (Tokyo)
Mizuho Bank (Ueno)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/07/2006 |
31/07/2005 |
31/07/2004 |
31/07/2003 |
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Annual Sales |
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2,750 |
2,713 |
2,734 |
1,934 |
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Recur. Profit |
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.. |
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Net Profit |
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6 |
6 |
5 |
5 |
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Total Assets |
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N/A |
N/A |
N/A |
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Net Worth |
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46 |
40 |
35 |
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Capital, Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
1.36 |
-0.77 |
41.37 |
10.51 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
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.. |
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N.Profit/Sales |
0.22 |
0.22 |
0.18 |
0.26 |
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Financials are only partially
disclosed.
Forecast (or estimated) for the
31/07/2006 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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